The paper aims at explaining the ineffectiveness of the tripartite social pact of July 1993 (the so-called July Protocol) in fostering growth, further to curbing inflation and favouring employment. In the light of labour productivity dynamics, wage moderation after 1993 appears as a significant...

The purpose of this paper is to analyze the relationship between public and private research funding. Data from Eurostat are used. The methodology applies econometric models based on regression analyses. The main results are: public R&D expenditure is a complement for private R&D one, but the...

Governments in modern economies devote much policy attention to enhancing productivity and continue to emphasize its drivers such as investment in R&D. This paper analyzes the relationship between productivity growth and levels of public and private R&D expenditures. The economic analysis shows...

This paper analyzes the relationship between economic growth and research funding. The econometric analysis show that gross domestic expenditure on R&D (GERD) as percentage of GDP is a important driver of economic growth (R2 adj = 71%) that is measured by GDP per capita. The optimization shows...

The purpose of this paper is a comparative analysis of economic and technological performances of different countries. Data from Eurostat are used. The methodology applies descriptive statistics, correlation, regression and cluster analyses. The main results are: the best economic performance...

The purpose of this paper is to analyze the relationship between public and private funding for research. Data from Eurostat are used. The methodology applies descriptive statistics, correlation, regression and cluster analyses. The main results are: public funding for research crowds out...

This paper introduces an approach which indicates if the economic system has a process of economic growth, development or underdevelopment. The approach is applied to measure the dynamics of economic growth and spatial disequilibrium between regions of a economic system in Europe

This conceptual paper analyses the concept of development that is a process of progressive growth that generates a transition from simple to complex system. In economics, development is a multidimensional process that generates changes in economic, political, social and institutional structures...

The crisis of international markets following recent events such as terrorist attacks, wars in the Middle East, high public debts, growing financial globalisation and integration have raised an interest in the analysis of country risk among industrialised countries as well as emerging nations....

This paper presents a simple model to measure the relative economic growth of economic systems. The model considers S-Shaped patterns of economic growth that, represented with a linear model, measure how an economic system grows in comparison with another one. In particular, this model...